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4/12/2017 Corporate Governance.xlsm.html

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General information about company

Scrip code 539957

Name of the entity Mahanagar Gas Limited

Date of start of financial year 01042016

Date of end of financial year 31032017

Reporting Quarter Yearly

Date of Report 31032017

Risk management committee Not Applicable



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory Textual Information(1)

Is there any change in information of board of directors compare to previous quarter Yes

Sr

Title(Mr/

Ms)

Name ofthe

DirectorPAN DIN

Category 1of directors


Category3 of

directors

Date ofappointment

in thecurrent term

Date ofcessation

Tenureof

director(in

months)

No ofDirectorshipin listedentitiesincludingthis listed

entity (ReferRegulation25(1) ofListing

Regulations)

Numberof

membershipsin Audit/

StakeholderCommittee(s)including thislisted entity(Refer

Regulation26(1) ofListing

Regulations)

No ofpost of

Chairpersonin Audit/

StakeholderCommitteeheld in listedentitiesincludingthis listed


Regulations)

Notes

1 MrAshutoshKarnatak AHGPK1919B 03267102

NonExecutive NonIndependentDirector

Chairperson 28052015 2 3 0

2 MrRajeevKumarMathur

AAMPM0787C 03308185ExecutiveDirector

NotApplicable MD 29092014 1 1 0

3 Ms SusmitaSengupta

FOUPS0008R 06825311 ExecutiveDirector

NotApplicable

11022017 1 1 0 TextualInformation(2)

4 MrAkhilMehrotra ADNPM5006E 07197901


NotApplicable 11032016 1 1 0



Annexure I



Sr

Title(Mr/

Ms)

Name ofthe

DirectorPAN DIN


Category2 of

directors

Category3 of

directors

Date ofappointment

in thecurrent term

Date ofcessation

Tenureof

director(in

months)



Regulations)

Numberof




Regulations)

No ofpost of




Regulations)

Notes

5 MrApurvaChandra AAYPC6041M 02531655


NotApplicable 02042013 1 0 0

6 MrJainendarKumarJain

AAAPJ0648R 00066452

NonExecutive IndependentDirector

NotApplicable

05032017 12 2 3 2 TextualInformation(3)

7 MrRajKishoreTewari

AAAPT1329H 07056080


NotApplicable

05032015 36 1 1 0

8 Mr BasudebSen

AAGPS7838G 00056861


NotApplicable

05032015 04032017

24 4 3 1



Annexure I



Sr

Title(Mr/

Ms)

Name of theDirector PAN DIN


Category2 of

directors

Category3 of

directors

Date ofappointment

in thecurrent term

Date ofcessation

Tenureof

director(in

months)



Regulations)

Numberof




Regulations)

No ofpost of




Regulations)

Notes

9 Mr SantoshKumar

AAEPK8558P 00239324


NotApplicable

26092016 36 2 1 0

10 Mr ArunBalalrishnan

ABVPB1917F 00130241


NotApplicable

26092016 36 5 7 4

11 Ms RadhikaHaribhakti

AAAPH8250M 02409519


NotApplicable

05032017 36 6 5 0 TextualInformation(4)



Text Block

Textual Information(1)Note 1 : The number chairmanship is also included in the number of membership of the directors inthe Audit and Stake holder relationship committee. Note 2 : In the No. of post of Chairperson inAudit/Stakeholders relationship committee, the public (listed and unlisted) is considered.

Textual Information(2) The appointment of Ms. Susmita Sengupta is subject to the approval of the Shareholders in theforthcoming General Meeting.

Textual Information(3) The appointment of Mr. J. K. Jain is subject to the approval of the Shareholders in the forthcomingAnnual General Meeting.

Textual Information(4) The appointment of Ms. Radhika Harbihakti is subject to the approval of the Shareholders in theforthcoming Annual General Meeting.



Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory Textual Information(1)

Is there any change in information of committees compare to previous quarter Yes

Sr Name Of Committee Name of Committeemembers Category 1 of directorsCategory 2 ofdirectors

Name of othercommittee

1 Audit Committee Jainendar Kumar Jain NonExecutive IndependentDirector Chairperson

2 Audit Committee Arun Balakrishnan NonExecutive IndependentDirector Member

3 Audit Committee Santosh Kumar NonExecutive IndependentDirector Member

4 Audit Committee Raj Kishore Tewari NonExecutive IndependentDirector Member

5 Audit Committee Ashutosh Karnatak NonExecutive NonIndependent Director Member

6 Audit Committee Akhil Mehrotra NonExecutive NonIndependent Director Member

7 Nomination and remunerationcommittee Arun BalakrishnanNonExecutive IndependentDirector Chairperson

8 Nomination and remunerationcommittee Santosh KumarNonExecutive IndependentDirector Member

9 Nomination and remunerationcommittee Ashutosh KarnatakNonExecutive NonIndependent Director Member

10 Nomination and remunerationcommittee Akhil MehrotraNonExecutive NonIndependent Director Member



Annexure 1

II. Composition of Committees

Sr Name Of Committee Name of Committeemembers Category 1 of directorsCategory 2 ofdirectors

Name of othercommittee

11 Stakeholders RelationshipCommittee Jainendar Kumar JainNonExecutive IndependentDirector Chairperson

12 Stakeholders RelationshipCommittee Rajeev Kumar Mathur Executive Director Member

13 Stakeholders RelationshipCommittee Susmita Sengupta Executive Director Member

14 Corporate Social ResponsibilityCommittee Radhika HaribhaktiNonExecutive IndependentDirector Chairperson

15 Corporate Social ResponsibilityCommittee Rajeev Kumar Mathur Executive Director Member

16 Corporate Social ResponsibilityCommittee Susmita Sengupta Executive Director Member



Text Block

Textual Information(1)

Note 1: Dr. Basudeb Sen who ceased to be Director w.e.f March 05, 2017 was member ofNomination and Remuneration Committee and Chairman of Stakeholders Relationship Committee. Note 2: The Board in its meeting held on March 21, 2017, reconstituted the Nomination andRemuneration Committee, Stakeholder Relationship Committee and Corporate Social ResponsibilityCommittee.



Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory

Sr Date(s) of meeting (if any) in theprevious quarterDate(s) of meeting (if any) in the

current quarterMaximum gap between any two consecutive (in

number of days)

1 28112016

2 11022017 74

3 21032017 37



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory

Sr Name ofCommittee

Date(s) of meetingof the committee inthe relevant quarter

Whetherrequirement ofQuorum met(Yes/No)

Requirementof Quorummet (details)

Date(s) of meetingof the committee inthe previous quarter

Maximum gap betweenany two consecutive

meetings (in number ofdays)

Name ofother

committee

1 AuditCommittee 11022017 Yes 6 out of 6 28112016 74

2 AuditCommittee 21032017 Yes 5 out of 6

3

Nominationandremunerationcommittee

11022017 Yes 4 out of 4 28112016 74

4

Nominationandremunerationcommittee

21032017 Yes 3 out of 3



Annexure 1

V. Related Party Transactions

Sr Subject Compliance status(Yes/No/NA)If status is “No” details of noncompliance may be given here.

1 Whether prior approval of audit committee obtained Yes

2 Whether shareholder approval obtained for material RPT Yes

3 Whether details of RPT entered into pursuant to omnibus approvalhave been reviewed by Audit Committee Yes



Annexure 1

VI. Affirmations

Sr SubjectCompliancestatus(Yes/No)

1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements)Regulations, 2015 Yes

2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015 a. Audit Committee Yes

3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. b. Nomination & remuneration committee Yes

4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. c. Stakeholders relationship committee Yes

5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. d. Risk management committee (applicable to the top 100 listed entities) NA

6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI(Listing obligations and disclosure requirements) Regulations, 2015. Yes

7 The meetings of the board of directors and the above committees have been conducted in the manner as specifiedin SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes

8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes



Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

Sr ItemCompliancestatus(Yes/No/NA)

If status is“No”details ofnoncompliancemay begiven here.

Web address

1 Details ofbusiness Yes https://www.mahanagargas.com/corporate/aboutmgl.aspx

2

Terms andconditions ofappointmentofindependentdirectors

Yes https://www.mahanagargas.com/UploadedFiles/_Terms_and_Conditions_Independent_Directors_e98972d154.pdf

3

Compositionof variouscommittees ofboard ofdirectors

Yes https://www.mahanagargas.com/investors/corporategovernance.aspx

4

Code ofconduct ofboard ofdirectors andseniormanagementpersonnel

Yes https://www.mahanagargas.com/UploadedFiles/_MGLCode_of_Conduct_27fc7b77f1.pdf

5 Details ofestablishmentof vigilmechanism/

Yes https://www.mahanagargas.com/UploadedFiles/_70_MGLWhistleblower_Policy_14b8cc6959.pdf



WhistleBlower policy

6

Criteria ofmakingpayments tononexecutivedirectors

Yes https://www.mahanagargas.com/UploadedFiles/_71_MGLNomination_and_Remuneration_Policy_53d94e8a2b.pdf

7

Policy ondealing withrelated partytransactions

Yes https://www.mahanagargas.com/UploadedFiles/_MGL_Policy_on_Related_Party_Transactions_7e65246e63.pdf

8

Policy fordetermining‘material’subsidiaries

NA

9

Details offamiliarizationprogrammesimparted toindependentdirectors

Yes https://www.mahanagargas.com/UploadedFiles/_Familiarisation_Program_8edfa8520b.pdf



Annexure II

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of Listing Regulations

Sr ItemCompliancestatus(Yes/No/NA)

If status is “No”details of noncompliance maybe given here.

Web address

10

Contact information of thedesignated officials of the listedentity who are responsible forassisting and handling investorgrievances

Yes https://www.mahanagargas.com/investors/investorguide.aspx

11 email address for grievance redressaland other relevant details Yeshttps://www.mahanagargas.com/investors/investorguide.aspx

12 Financial results Yes https://www.mahanagargas.com/investors/quarterlyresults.aspx

13 Shareholding pattern Yes https://www.mahanagargas.com/investors/shareholdersinformation/shareholdingpattern.aspx

14Details of agreements entered intowith the media companies and/ortheir associates

NA

15 New name and the old name of thelisted entity NA



Annexure II

II. Annual Affirmations

Sr Particulars RegulationNumber

Compliancestatus(Yes/No/NA)

If status is “No” details of noncompliance may be given here.

1 Independent director(s) have been appointed in terms ofspecified criteria of ‘independence’ and/or ‘eligibility’16(1)(b) &25(6) Yes

2 Board composition 17(1) Yes

3 Meeting of Board of directors 17(2) Yes

4 Review of Compliance Reports 17(3) Yes

5 Plans for orderly succession for appointments 17(4) Yes

6 Code of Conduct 17(5) Yes

7 Fees/compensation 17(6) Yes

8 Minimum Information 17(7) Yes

9 Compliance Certificate 17(8) Yes

10 Risk Assessment & Management 17(9) Yes



Annexure II


Sr Particulars RegulationNumberCompliance status(Yes/No/NA)


11 Performance Evaluation of Independent Directors 17(10) Yes

12 Composition of Audit Committee 18(1) Yes

13 Meeting of Audit Committee 18(2) Yes

14 Composition of nomination & remunerationcommittee 19(1) & (2) Yes

15 Composition of Stakeholder RelationshipCommittee 20(1) & (2) Yes

16 Composition and role of risk managementcommittee21(1),(2),(3),(4) NA

17 Vigil Mechanism 22 Yes

18 Policy for related party Transaction 23(1),(5),(6),(7) & (8) Yes

19 Prior or Omnibus approval of Audit Committee forall related party transactions 23(2), (3) Yes

20 Approval for material related party transactions 23(4) Yes



Annexure II


Sr Particulars RegulationNumber

Compliancestatus(Yes/No/NA)


21 Composition of Board of Directors of unlisted materialSubsidiary 24(1) NA

22 Other Corporate Governance requirements with respect tosubsidiary of listed entity

24(2),(3),(4),(5) &(6)

NA

23 Maximum Directorship & Tenure 25(1) &(2) Yes

24 Meeting of independent directors 25(3) &(4) Yes

25 Familiarization of independent directors 25(7) Yes

26 Memberships in Committees 26(1) Yes

27 Affirmation with compliance to code of conduct from membersof Board of Directors and Senior management personnel 26(3) Yes

28 Disclosure of Shareholding by NonExecutive Directors 26(4) Yes

29 Policy with respect to Obligations of directors and seniormanagement26(2) &26(5) Yes

Any other information to be provided Add Notes



Annexure II

III. Affirmations

Sr Particulars Compliance status(Yes/No/NA)

1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirementswith respect to subsidiary of Listed Entity have been complied NA

Any other information to be provided



Signatory Details

Name of signatory Alok Mishra

Designation of person Company Secretary

Place Mumbai

Date 10042017

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